John Authers / Bloomberg:
This rebound is special whatever the bond yields say
The importance of economic data can sometimes be exaggerated in a near-constant deluge of publications. This does not apply in this case.
One problem with the over-excitability of daily data is that people may not realize when something amazing has really happened. To be clear, this week’s US data is very special. We knew a rebound was underway and we could guess that some repeated stimulus would jerk it off a bit, but the data confirms an amazing rally.
Perhaps the most dramatic is retail sales. The graph below from the Bespoke Investment Group shows the seasonally adjusted US retail sales, which date back to 1992 when seasonally adjusted. What happened during the shutdown last year was unprecedented. Even more remarkable, however, is the extent of the recovery since then. The expenses did far more than return to their previous trend. And that’s what it did after already fully recovering much faster than it was after the previous recession:
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Do you think SARS-CoV-2 variants are a nightmare? Imagine if SARS-CoV-3 occurs and recombines with 2. A growing number of researchers are currently working on a dream vaccine that can protect against various CoVs, including those that have not yet emerged. https://t.co/oNSdQDTAlT pic.twitter.com/5AETdG31vy
– Jon Cohen (@sciencecohen) April 15, 2021
Isabella Grullón Paz / NY Times:
How Democrats who lost in deep red places could have helped Biden
A study by a liberal group found a reverse coattails effect in 2020: Down-ballot candidates may have helped elect President Biden, rather than the other way around.
The president, who won a victory in Georgia by 12,000 votes, received a small but potentially important boost from the conservative areas of the state if at least one local Democrat took part in a voting race, according to a new study by Run for Something, an organization dedicated to recruiting and supporting liberal candidates. This finding extended to even the redest districts in the state.
The phenomenon seemed to be national. Mr Biden performed 0.3 to 1.5 percent better in Conservative legislative districts where Democrats proposed challengers than in districts where Republicans ran unopposed last year, the study found. The analysis was conducted using available district-level data in eight states – Florida, Ohio, North Carolina, Arizona, Georgia, Texas, Kansas, and New York – and taking into account factors such as education to compare controversial and uncontested districts .
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How broad is the GOP’s sympathy for the January 6th uprising?
– 45% of Republicans said the attackers had “a point”.
– 51% said Congress “did not go far enough” to support “Trump’s efforts to overthrow the elections”.
– 78% still say that Biden did not win legitimately. https://t.co/fd0REu152d
– Will Saletan (@saletan) April 16, 2021
USA Today Editor:
President Biden should appoint Vice President Harris to start and lead police reform as soon as possible
Our view: Biden owes his job and Senate control to black voters. It is time to move forward with police reform and make it a priority. Lives depend on it.
While he promised a national police surveillance commission During his campaign this week, Biden announced through domestic affairs adviser Susan Rice that the Commission won’t happen. Still did Police reform behind, at its first press conference, not even as one of its secondary priorities, containing the deadly COVID-19 pandemic and revitalizing the economy. And although Biden almost signed 40 executive orders, none deals with police issues.
Are these signs that Biden has abandoned some of his most loyal followers in their time of great need?
Not necessarily. The decision on the commission resulted from a consensus between civil rights groups and the administration that it would be better to try to pass a real reform law than to try Talk more about what reforms are needed. And so the focus has shifted to that George Floyd Justice in Policing Act who passed the House and is now awaiting Senate action or inaction.
Noah Smith / Substack:
Republicans and the great replacement
The idea that they will be “replaced” is now part of the core GOP ideology
And at a meeting of the House subcommittee on April 14th Florida representative Scott Perry said:
“For many Americans,” Perry began, “what seems to be happening, or what they are about to believe is happening, is what they seem to be happening is that we are replacing national-born Americans – Native Americans, to permanently change the political landscape . ” this very nation. “
What began as neo-Nazi fringe chant is now a mainstream idea in the GOP. Given the taboo around the idea, it is likely even more common among Republican voters themselves; Tucker is an accomplished operator who knows how to deal with his audience’s fears. So if he feels confident enough to endorse the idea despite the taboo, you can bet a lot of Republicans are worried about the exact same thing.
How did we get here? Why is the Great Substitute now increasingly a central part of the conservative worldview? First of all, it makes sense to ask who or what the people on the right are actually replacing.
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WASHINGTON (AP) – After allies’ backlash, President Biden will lift the Trump-era refugee caps next month.
– Matt Lee (@APDiploWriter) April 16, 2021
Zack Stanton / Politico:
The GOP-Big Business divorce goes deeper than you think
It’s not just about voting rights; Businesses and the Republican Party are increasingly concerned about incompatible things, says Jeffrey Sonnenfeld.
The recent dispute between leading Republicans and big corporations like Delta, Coca-Cola and Major League Baseball, who criticize Georgia’s restrictive new electoral law, isn’t just about voting rights. It’s the sign of a deeper breakup that’s been in the works for years. For anyone unsure how Republican Senate Chairman Mitch McConnell might warn big corporations to stay out of politics after building a career of corporate donations and business-friendly policies, this deeper divide tells the story.
Jeffrey Sonnenfeld, a legendary economics professor and assistant dean at the Yale School of Management, has watched this split over the past several years and has heard from CEOs he knows and works with. What interests the GOP and what interests the big companies is becoming increasingly incompatible, he says.
“The political desire to use wedge problems for division – what used to be a fringe area of the GOP – has become mainstream,” says Sonnenfeld. “That is 100 percent contrary to the wishes of the business world. And this is a million times To them, it matters more than how many dollars in taxes are paid here or there. “
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When Biden, Warnock and Ossoff won their races in Georgia in the 2020 election, they not only turned the balance of power in Washington about. You turned something even bigger around in Georgia. https://t.co/SiJl5Gp8zZ
– Atlanta Journal-Constitution (@ajc) April 16, 2021
Rebecca Sun / Hollywood Reporter:
Asian Americans in the media: “You cannot deprive the journalist of the humanity of yourself”
Elaine Quijano was on call for CBSN on the night of March 16 when news broke of the Atlanta shootings. Coincidentally, she was in the middle of a pre-interview for an update to the streaming news network Asian Americans: Battling Bias, a 30-minute special that first aired last October and expanded to a one-hour version on March 31.
“My producer said, ‘There was shooting,’ and I passed information on to the activist [I was interviewing] in real time, “says the anchor The Hollywood Reporter. “There was silence on the other line and then I heard her start crying.”
For the next few days, Quijano had to moderate panels and conduct interviews and a nightly political news program, Red and blue to anchor, leaving her little opportunity to come to terms with the rampage that killed eight people, six of them Asian women. “I was deaf. I’m tired on so many levels because there is a lot to confront,” she says. “There was no time to think about it in a distant way.”
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Trump campaign chairman Manafort shared proprietary data the Russians were using to help Trump.
Did Trump order Manafort to share the data? Who knows.
Was Trump aware? The same goes for.
Has Trump benefited from it? Yes.
Has Trump agreed? Well, he pardoned the guy who did it.
– David Frum (@davidfrum) April 16, 2021
Matthew Sittman / TNR:
Where is the religious left going?
Leftist fellow believers will never be reliable allies of the Democratic Party, nor will the Party reliably provide them with a comfortable home. But their fortunes are linked.
From time to time the “religious left” breaks through as a subject of passionate interest, a story that attracts the attention of reporters beyond the religious blow. Usually this has something to do with the fate of the Democratic Party, especially the performance of its presidential candidates. In celebration, the skillful use of religion receives a fair share of the credit – proof that speaking convincingly about God can help overcome the party’s reputation as a bastion of non-contact coastal elites. Some guilt in defeat inevitably falls a perceived lack of faith-based appeals in campaign messages or a failure to make religious outreach a higher strategic priority – resources for influencing Midwestern Catholics, suburban evangelicals, or “moderates” for whom going to church is a comforting indicator is.
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🇨🇦🦠 Remind you how bad the coronavirus crisis has become in Canada’s most populous province, Ontario. So sad to see https://t.co/bsieoAInnP
– Michael Knigge (@kniggem) April 17, 2021
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